How many pips will you set for trailing stop?

[alfokmope]

Trading within a day, using 1h-15min-3min unite to perform the anlysis and

I used to set the tailing cease pips to 20, but it always got reached by the rear alteration, how many things would you guys set this? Could be 40 points is reasonable ?

[alfokmope]

thank you

[keylagil]

For me its 25-35 for major pairs and 35-75 for carry trade ones (GBP, EUR, AUD, NZD, ... / JPY, CHF).
It may be 100-150 for pairs with big volantility and spreads.

[Commecaminll1849]

Also depends upon your account size.

[whal3vem]

In a lot of traids are diffrents but you ought to look how and if you exchange whether the transaction is soo god you can set it 3 times greater than your commerce and when yyour not certain set it on maximum 50 pip and a number of times examine patterns and ressitance and supports charts and following set stop loss ...
have greatest trades and create lots fo mony

[iulayn]

Yeah, it depends upon your trade. If your trading more term you're most certainly going to need a bigger trail stop. On the other hand if I am investing in a break out state on the Eur/Jpy then I will frequently have a really really tight 15pip trail stop. Works well because when this pair goes it tends to just fly.

But anyhow it all depends on the style of the trade. Hope this helps

[shannok23]

It depends upon the transaction, on the pair, on the prognosis in the future

but usually between 50-200 pips

[Agxx8]

Also depends on your account size. Does it? Not in my opinion. Account size shouldn't be a element in establishing your stop, rather how big place is dictated by account size and risk. Perhaps you're talking about something I'd not considered. Care to divulge?

[mcfinlmipiga]

It depends upon your style of trading, the pair traded, time period, etc.. You need to exhibit a egy for at least 2 months with distinct trailing stops and transaction live with the one which gave greater results.

[beneoxkaveli]

Track TS @ Max Profit - 20% of Max Profit. 23% for Fib Fans
Ahh $hit. A while may be required by that. <img data-emoji=”face_with_rolling_eyes” width=”18” height=”18” class=”emoji” src=”https://cdn-resources.nigeriaforextrading.net/images/emojis/64/1f644.png?v=1.0.0.1” /> Let's write an EA

[oxmay]

Track TS @ Max Profit - 20 Percent of Max Profit. 23 percent for Fib Fans
Ahh $hit. That may require a while. <img data-emoji=”face_with_rolling_eyes” width=”18” height=”18” class=”emoji” src=”https://cdn-resources.nigeriaforextrading.net/images/emojis/64/1f644.png?v=1.0.0.1” /> Let us compose an EA LOL - I think theres one out there currently...

[poxxoloco23]

I use ATR (volatility) based monitoring stop. Like people said already, behavior of the market varies from time to time, so let ATR determine where you depart. Fixed pips trailing stop does not make sense.

[bypoxa]

Ahh $hit. That may require some work. <img data-emoji=”face_with_rolling_eyes” width=”18” height=”18” class=”emoji” src=”https://cdn-resources.nigeriaforextrading.net/images/emojis/64/1f644.png?v=1.0.0.1” /> Let's compose an EA

[gamkyuyu]

1 Attachment(s) I have been using scalping method to exchange but I have become an issue. Actually, I have had this problem for quite some time. I'm using a trailing stop and BE for scalping and I am always being kicked out of good trades too premature. For eg. I use trading on M1 or M5, I set the BE at 2-5 pips as well as the stop loss is about 5 -10pips. TP is 15~25 pips

Occasionally I try to place the stop loss more time to stop kicked out without any BE or stop missing ,then I shed larger money.

See under images. I win the little money but missing the large one.



What is your experience with trailing stops and BEs? Do you use them?
I'm considering not using them but when I do not use them my place is a little unprotected....
https://www.nigeriaforextrading.com/trading-system-and-egies/107-gerryvs-laguerre-journal.html

[jnenva]

Hey Verjanso!

Do you have screenshots of all your old transactions? If not, maybe it is possible to drag every one of those positions back onto the chart and look at the entry and exit and then ask the question, What would have happened if I had had a fixed quit with this transaction? Write down what you find based on looking at a large amount of your past trades.

You might well find out that a fixed goal and stop may work better to your type of trading. I can surely see why monitoring stops on the M1 and M5 charts could be problematic.

If the stationary stops and profits would have have made you more profitable, maybe you might create a hybrid type system where you simply begin tracking your stop when something technical happens that would indie a larger move in your favor?

Allow me to know how you go.

[oxnolo89m]

Its all relative. When I scalp I utilize 10pip sl, differently deepening on exactly what my objectives are it could be around 200 pips. Agree with the first couple posters if your asking this you probably should do a little more studying!

[bypoxa]

Depends on the pair.

You need to study.

[gamkyuyu]

Hey Verjanso! Do you've got screenshots of all your transactions? Otherwise, maybe it is possible to drag every one of these positions back on the chart and look at the entrance and exit and then ask the question, What would have happened if I'd had a fixed stop with this transaction? Write down what you discover based on taking a look at a huge amount of your previous trades. You could very well find out that a predetermined target and stop might work better for your style of trading. I can surely see why monitoring stops on the M1 and M5 charts could be debatable. If the fixed stops and profits...
Thank you.

Now I only use SL and TP ,occasionally move SL to BE when porfit more . No monitoring stop. It works better